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Four Seasons Resort breaks ground at Golden Oak, Florida

Thursday, March 1st, 2012

Four Seasons Hotels and Resorts kicked off construction of its luxury resort at Walt Disney World Resort today, in a groundbreaking ceremony with joint venture partners Silverstein Properties and Dune Real Estate Partners. The 444-room resort, being built in the enclave of Golden Oak at Walt Disney World Resort, will create about 2,000 construction jobs, and hundreds of resort positions when open.

With an opening anticipated in 2014, Four Seasons Resort Orlando at Walt Disney World Resort will feature several dining venues including a rooftop restaurant with Magic Kingdom views; a 14,000 square foot spa; fitness center; three pools and a “lazy river”; sports and recreational facilities; meeting and event space plus a business center.

Kathleen Taylor, President and CEO of Four Seasons Hotels and Resorts, spoke of the relationship with Disney: “Each of us is dedicated to creating a product of the highest quality and standards, something that will become a landmark here in Orlando, and a destination unto itself for travelers from all over the world. It is truly a one-of-a-kind project and Central Florida will be a valuable addition to our family of resorts, particularly since this is a destination our guests already enjoy.”

The development will encompass the existing Tom Fazio-designed Osprey Ridge 18-hole championship golf course, which will be renovated and subsequently managed by Four Seasons. The first Four Seasons in Central Florida is located within the Golden Oak residential community at Walt Disney World Resort.

For more information on Golden Oak visit: http://homesforsalegoldenoakflorida.com/

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty. Information Courtesy of: http://www.disneygoldenoak.com/news-updates/#20563

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FHA to increase Fees starting April 1, 2012

Wednesday, February 29th, 2012

Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees, the agency announced Monday. 

FHA loans allow for smaller down payments, as low as 3.5 percent compared to traditional loans, and they often have less stringent credit requirements, which have made them soar in popularity in recent years. (The agency insures loans but doesn’t issue them.) About 40 percent of all new mortgages for home purchases in 2010 were FHA-backed mortgages. 

In particular, FHA will increase two fees that borrowers pay. Starting April 1, it will increase its annual mortgage insurance premium for loans under $625,500,  bringing the total cost from 1.15 percent of the loan amount to 1.25 percent. Starting June 1, larger loan premiums will see an increase of 0.35 percent of a percentage point, bringing the total premium costs up to 1.5 percent of the loan amount.

FHA also announced it will raise a fee for the upfront mortgage premium by 0.75 of a percentage point, which will now total 1.75 percent of the loan amount. 

For example, a borrower with a 3.5 percent down payment with a mortgage of $193,000 can expect to pay an upfront mortgage premium alone of $3,377, compared to the prior $1,930. That can be rolled into the mortgage.

Reference: http://realtormag.realtor.org/daily-news/2012/02/28/fha-hikes-fees-mortgages

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Real Estate Statistics in Davenport Florida as of January 1, 2012

Tuesday, February 28th, 2012

As of January 1, 2012 here are the current Real Estate Statistics in Davenport Florida

There are currently 439 HOMES for Sale listed in our MLS system ranging from $42,500 for a 3 bed/2 bath in Crestridge to $2.275 Million for a 6 bedroom/8 bathroom home in Lucky World Estates.

There are 78 Condominiums/Townhomes for Sale in the MLS ranging from $27,000 for a 2 bed/1 bath in Crescent Estates to $255,000 for a 4 bedroom/3.5 bathroom townhome at Tuscan Hills

ACTIVE: HOMES 
439 Total: 123 are pre-foreclosure/short sales/bank-owned (making up 28% of the inventory). Average Sales Price = $202K and Median sales price = $179K, Average Days on the Market – 191
ACTIVE: CONDOMINIUMS/TOWNHOMES 
114 Total: 18 are pre-foreclosure/short sales/bank-owned (making up 16% of the inventory). Average Sales price = $111K and Median Sales Price = $99K, Average Days on the Market – 218

 

PENDING: HOMES 
262 Total: 219 are pre-foreclosure/short sales/bank-owned  (making up 84% of the inventory).  Average Pending Price = $130K and Median pending price = $123K, Average Days on the Market – 82

PENDING: CONDOMINIUMS/TOWNHOMES  
49 Total: 39 are pre-foreclosure/short sales/bank-owned  (making up 80% of the inventory). Average Pending price = $93K and Median Sales Price = $83K, Average Days on the Market – 75

 

SOLD: HOMES (last 30 DAYS)  
89 Total: 43 are pre-foreclosure/short sales/bank-owned  (making up 48% of the inventory). Average SOLD Price = $140K, Average Days on the Market – 82, Average SP/Sq Ft = $71.69 and AVERAGE LP/SP Ratio = 95%
SOLD: CONDOMINIUMS/TOWNHOMES  
19 Total: 15 are pre-foreclosure/short sales/bank-owned  (making up 79% of the inventory). Average SOLD Price = $82K, Average Days on the Market – 46, Average SP/Sq Ft = $66.48  and AVERAGE LP/SP Ratio = 98%

If you would like Real Estate Statistics for your home, please visit: www.davenportflhomeprices.com

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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Real Estate Statistics in Celebration Florida – January 1, 2012

Sunday, February 26th, 2012

As of January 1, 2012 here are the current Real Estate Statistics in Celebration Florida

There are currently 63 HOMES for Sale listed in our MLS system ranging from $267,890 for a 4 bed/2.5 bath in North Village to $5,999,999 Million for a 6 bedroom/5 bathroom home on Eastlawn.

There are 48 Condominiums/Townhomes for Sale in the MLS ranging from $99,900 for a 1 bed/1 bath in Siena to $469,000 for a 3 bedroom/2.5 bathroom townhome at the Carlyle

ACTIVE: HOMES 
65 Total: 10 are pre-foreclosure/short sales/bank-owned (making up 15% of the inventory). Average Sales Price = $1,026,652 and Average DOM = 187
ACTIVE: CONDOMINIUMS/TOWNHOMES  
48 Total: 13 are pre-foreclosure/short sales/bank-owned  (making up 27% of the inventory). Average Sales Price = $240K. Average DOM = 248

PENDING: HOMES 
33 Total: 24 are pre-foreclosure/short sales/bank-owned (making up 73% of the inventory).  Average pending price = $506K and Average DOM = 103
PENDING: CONDOMINIUMS/TOWNHOMES  
42: Total: 36 are pre-foreclosure/short sales/bank-owned  (making up 86% of the inventory). Average pending price = $151K. Average DOM =100

SOLD: HOMES (last 30 DAYS)  
6 Total: 3 are pre-foreclosure/short sales/bank-owned (making up 50% of the inventory). Average SOLD Price = $485K. Average DOM =70, AVERAGE LP/SP Ratio = 97%. Average SP/Sq Ft = $169.91

SOLD: CONDOMINIUMS/TOWNHOMES  
11 Total: 4 are pre-foreclosure/short sales/bank-owned  (making up 36% of the inventory). Average SOLD Price = $196K & AverageDOM = 98, AVERAGE LP/SP Ratio = 95%

Average SP/Sq Ft = $128.39

If you would like Real Estate Statistics for your home in Celebration, please visit: www.Celebrationpropertyvalues.com  

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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Real Estate Statistics in Davenport Florida as of November 1, 2011

Saturday, February 25th, 2012

We have created these Real Estate Statistics in various communities in Davenport FL you a snapshot of active and sold inventory on a monthly basis. Whether you are a seller or buyer, we hope you find these Real Estate Statistics in Davenport FL helpful.

As of November 1, 2011 here are the current Real Estate Statistics in Davenport Florida

There are currently 439 HOMES for Sale listed in our MLS system ranging from $46,400 for a 3 bed/2 bath in Crestridge to $1.975 Million for a 6 bedroom/8 bathroom home in Lucky World Estates.

There are 78 Condominiums/Townhomes for Sale in the MLS ranging from $27,000 for a 2 bed/1 bath in Crescent Estates to $255,000 for a 4 bedroom/3.5 bathroom townhome at Tuscan Hills

ACTIVE: HOMES 
439 Total: 134 are pre-foreclosure/short sales/bank-owned (making up 30% of the inventory). Average Sales Price = $199K and Median sales price = $179K, Average Days on the Market – 179
ACTIVE: CONDOMINIUMS/TOWNHOMES 
78 Total: 27 are pre-foreclosure/short sales/bank-owned (making up 34% of the inventory). Average Sales price = $116K and Median Sales Price = $109K, Average Days on the Market – 151

 

PENDING: HOMES 
284 Total: 221 are pre-foreclosure/short sales/bank-owned  (making up 77% of the inventory).  Average Pending Price = $129K and Median pending price = $119K, Average Days on the Market – 92

PENDING: CONDOMINIUMS/TOWNHOMES  
46 Total: 41 are pre-foreclosure/short sales/bank-owned  (making up 89% of the inventory). Average Pending price = $97K and Median Sales Price = $84K, Average Days on the Market – 92

 

SOLD: HOMES (last 30 DAYS)  
75 Total: 32 are pre-foreclosure/short sales/bank-owned  (making up 42% of the inventory). Average SOLD Price = $156K, Average Days on the Market – 85, Average SP/Sq Ft = $75.32 and AVERAGE LP/SP Ratio = 96%
SOLD: CONDOMINIUMS/TOWNHOMES  
16 Total: 8 are pre-foreclosure/short sales/bank-owned  (making up 50% of the inventory). Average SOLD Price = $99K, Average Days on the Market – 56, Average SP/Sq Ft = $69.01  and AVERAGE LP/SP Ratio = 100%

 If you would like Real Estate Statistics for your home, please visit: www.davenportflhomeprices.com

 Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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Real Estate Statistics in Windermere Florida as of November 1, 2011

Sunday, January 29th, 2012

Windermere is located in Southwest Orlando and nestled between numerous large lakes that form the Butler Chain of Lakes. Windermere was established in 1889 and works hard to maintain that small town feel. For instance, many local streets are still dirt roads. Windermere has expanded to include newer subdivisions such as Lakes of Windermere,Keene’s Pointe, Summerport, and Glenmuir. Below is a snapshot of the current state of the market in Windermere.

We have created these Real Estate Statistics in Windermere FL to provide you a snapshot of active and sold inventory on a monthly basis. Whether you are a seller or buyer, we hope you find these Real Estate Statistics in Windermere FL helpful.

As of November1, 2011 here are the current Real Estate Statistics in Windermere Florida

There are currently 338 HOMES for Sale listed in our MLS system ranging from $188,500 for a 3 bed/2 bath in Silver Woods to $100 MILLION for a 13 bedroom/23 bathroom home in Reserve at Lake Butler Sound (WOW you should see the pictures of this one!!)

There are 36 active Condominiums/Towhomes for Sale in the MLS ranging from $114,900 for a 3 bed/2 bath in Lakes of Windermere to $245,000 for a 3 bedroom/2.5 bathroom townhome in Lake Burden.

ACTIVE: HOMES 
328 Total: 62 are pre-foreclosure/short sales/bank-owned (making up 18% of the inventory). Average Sales Price = $1.64 Million and Average Days on the Market – 269

ACTIVE: CONDOMINIUMS/TOWNHOMES  
36 Total: 14 are pre-foreclosure/short sales/bank-owned  (making up 38% of the inventory). Average Sales Price = $154K and Average Days on the Market – 106

PENDING: HOMES 
139 Total: 83 are pre-foreclosure/short sales/bank-owned (making up 59% of the inventory). Average Pending Price = $605K and Average Days on the Market – 90

PENDING: CONDOMINIUMS/TOWNHOMES  
42 Total: 33 are pre-foreclosure/short sales/bank-owned  (making up 78% of the inventory). Average Pending Price = $126K and Average Days on the Market – 38

SOLD: HOMES (last 30 DAYS)  
44 Total: 18 are pre-foreclosure/short sales/bank-owned  (making up 40% of the inventory).  Average SOLD Price = $586K and Average Days on the Market – 171, Average SP/Sq Ft = $148.27, AVERAGE LP/SP Ratio = 93%
SOLD: CONDOMINIUMS/TOWNHOMES  
9 Total: 7 are pre-foreclosure/short sales/bank-owned  (making up 77% of the inventory). Average SOLD Price = $135K and Average Days on the Market – 42, Average SP/Sq Ft = $96.22, AVERAGE LP/SP Ratio = 100%

If you would like Real Estate Statistics for your home, please visit:  www.windermereflhomeprices.com

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.  

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Real Estate Statistics in Hunters Creek located in Orlando Florida as of November 1, 2011

Wednesday, January 25th, 2012

Hunter’s Creek is a 4,000-acre planned community located in southwest Orange County Florida. Hunters Creek is comprised of 35 single-family neighborhoods along with four condominium properties, one townhouse development, and apartment complexes.

There are ample opportunities to get involved by participating in the various social groups and clubs. There are also service volunteer groups such as Citizens on Patrol and the Community Emergency Response Team. There are many ways to become involved with a sport, such as soccer, tennis, basketball or volleyball.

Hunter’s Creek enjoys top-ranked schools and many happenings annually for the whole family, including huge events for July 4th and Halloween, for example. Special camps are also held to coincide with school holidays, including a summer camp which has grown into a big success. Hunter’s Creek is conveniently located to highways, shopping, dining, recreation, theme parks, industry and the airport. Everything you need is right here in Hunter’s Creek!

 As of November 1, 2011 here are the current Real Estate Statistics in Hunters Creek Florida

There are currently 96 HOMES for Sale listed in our MLS system ranging from $67,000 for a 3 bed/2 bath in Ginger Mill to $489,900 for a 5 bedroom/4 bathroom home in Hunters Creek.

There are 39 Condominiums/Townhomes for Sale in the MLS ranging from $47,000 for a 1 bed/1 bath at Capri to $278,000 for a 3 bedroom/2.5 bathroom condo at Fountains at Crystal Creek

ACTIVE: HOMES 
96 Total: 54 1 are pre-foreclosure/short sales/bank-owned (making up 56% of the inventory). Average Sales Price = $187K and Average Days on the Market – 96
ACTIVE: CONDOMINIUMS/TOWNHOMES 
39 Total: 12 are pre-foreclosure/short sales/bank-owned (making up 30% of the inventory). Average Sales price = $93K and Average Days on the Market – 170

 

PENDING: HOMES 
157 Total: 133 are pre-foreclosure/short sales/bank-owned  (making up 84% of the inventory).  Average Pending Price = $150K and Average Days on the Market – 65

PENDING: CONDOMINIUMS/TOWNHOMES  
70 Total: 57 are pre-foreclosure/short sales/bank-owned  (making up 81% of the inventory). Average Pending price = $66K and Average Days on the Market -49

 

SOLD: HOMES (last 30 DAYS)  
45 Total: 27 are pre-foreclosure/short sales/bank-owned  (making up 60% of the inventory). Average SOLD Price = $153K and Median SOLD price = $150K, Average Days on the Market – 69 Average SP/Sq Ft = $80.58 and AVERAGE LP/SP Ratio = 97%

SOLD: CONDOMINIUMS/TOWNHOMES  
13 Total: 7 are pre-foreclosure/short sales/bank-owned  (making up 58% of the inventory). Average SOLD Price = $64K and Median SOLD price = $61K, Average Days on the Market – 34, Average SP/Sq Ft = $56.23 and AVERAGE LP/SP Ratio = 99%

 If you would like Real Estate Statistics for your home, please visit: www.Hunterscreekpropertyvalues.com 

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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Real Estate Statistics in Winter Garden located in Orlando Florida as of November 1, 2011

Wednesday, December 21st, 2011

We have created these Real Estate Statistics in Winter Garden FL to provide you a snapshot of active and sold inventory on a monthly basis. Whether you are a seller or buyer, we hope you find these Real Estate Statistics in Winter Garden FL helpful.

As of November 1, 2011 here are the current Real Estate Statistics in Winter Garden Florida

There are currently 153 HOMES for Sale listed in our MLS up to $2.495 Million for a 4 bedroom/4 bathroom home in Lago Vista.

There are 23 Condominiums/Townhomes for Sale in the MLS up to $167,990 for a 3 bedroom/2.5 bathroom condo in Independence

ACTIVE: HOMES 
161 Total: 60 are pre-foreclosure/short sales/bank-owned (making up 37% of the inventory). Average Sales Price = $348K and Average Days on the Market – 204
ACTIVE: CONDOMINIUMS/TOWNHOMES 
29 Total: 18 are pre-foreclosure/short sales/bank-owned (making up 62% of the inventory). Average Sales price = $104K and Average Days on the Market – 75

 

PENDING: HOMES 
182 Total: 160 are pre-foreclosure/short sales/bank-owned  (making up 87% of the inventory).  Average Pending Price = $208K and Average Days on the Market – 74

PENDING: CONDOMINIUMS/TOWNHOMES  
45 Total: 44 are pre-foreclosure/short sales/bank-owned  (making up 97% of the inventory). Average Pending price = $96K and Average Days on the Market – 59

 

SOLD: HOMES (last 30 DAYS)  
42 Total: 25 are pre-foreclosure/short sales/bank-owned  (making up 59% of the inventory). Average SOLD Price = $206K, Average Days on the Market –68, Average SP/Sq Ft = $81.37 and AVERAGE LP/SP Ratio = 97%
SOLD: CONDOMINIUMS/TOWNHOMES  
21 Total: 10 are pre-foreclosure/short sales/bank-owned  (making up 47% of the inventory). Average SOLD Price = $82K, Average Days on the Market – 68, Average SP/Sq Ft = $69.79 and AVERAGE LP/SP Ratio = 99%

If you would like Real Estate Statistics for your home, please visit: www.centralfloridapropertyvalues.com

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

 

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Real Estate Statistics in Celebration Florida – November 1, 2011

Thursday, December 1st, 2011

As of November 1, 2011 here are the current Real Estate Statistics in Celebration Florida

There are currently 63 HOMES for Sale listed in our MLS system ranging from $368,000 for a 3 bed/2.5 bath in Lake Evalyn to $5,999,999 Million for a 6 bedroom/5 bathroom home on Eastlawn.

There are 53 Condominiums/Townhomes for Sale in the MLS ranging from $90,000 for a 1 bed/1 bath on Water Street to $469,000 for a 3 bedroom/2.5 bathroom townhome at the Carlyle

ACTIVE: HOMES 
63 Total: 6 are pre-foreclosure/short sales/bank-owned (making up 9% of the inventory). Average Sales Price = $1,059,028 and Average DOM = 216
ACTIVE: CONDOMINIUMS/TOWNHOMES  
50 Total: 15 are pre-foreclosure/short sales/bank-owned  (making up 30% of the inventory). Average Sales Price = $239K. Average DOM = 250

PENDING: HOMES 
31 Total: 23 are pre-foreclosure/short sales/bank-owned (making up 74% of the inventory).  Average pending price = $551K and Average DOM = 97
PENDING: CONDOMINIUMS/TOWNHOMES  
48: Total: 39 are pre-foreclosure/short sales/bank-owned  (making up 81% of the inventory). Average pending price = $153K. Average DOM =105

SOLD: HOMES (last 30 DAYS)  
17 Total: 8 are pre-foreclosure/short sales/bank-owned (making up 47% of the inventory). Average SOLD Price = $421K. Average DOM = 63, AVERAGE LP/SP Ratio = 96%. Average SP/Sq Ft = $147.70

SOLD: CONDOMINIUMS/TOWNHOMES  
7 Total: 3 are pre-foreclosure/short sales/bank-owned  (making up 42% of the inventory). Average SOLD Price = $153K & AverageDOM = 123, AVERAGE LP/SP Ratio = 96%

Average SP/Sq Ft = $113.02

If you would like Real Estate Statistics for your home in Celebration, please visit: www.Celebrationpropertyvalues.com  

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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Real Estate Statistics in Winter Garden located in Orlando Florida as of October 1, 2011

Friday, November 25th, 2011

As of October 1, 2011 :
There are currently 153 HOMES for Sale listed in our MLS up to $2.495 Million for a 4 bedroom/4 bathroom home in Lago Vista.

There are 23 Condominiums/Townhomes for Sale in the MLS up to $199,900 for a 3 bedroom/2.5 bathroom condo in Stoneybrook

ACTIVE: HOMES 
153 Total: 50 are pre-foreclosure/short sales/bank-owned (making up 33% of the inventory). Average Sales Price = $385K and Average Days on the Market – 190
ACTIVE: CONDOMINIUMS/TOWNHOMES 
23 Total: 16 are pre-foreclosure/short sales/bank-owned (making up 70% of the inventory). Average Sales price = $104K and Average Days on the Market – 75

PENDING: HOMES 
214 Total: 180 are pre-foreclosure/short sales/bank-owned  (making up 84% of the inventory).  Average Pending Price = $207K and Average Days on the Market – 82

PENDING: CONDOMINIUMS/TOWNHOMES  
63 Total: 50 are pre-foreclosure/short sales/bank-owned  (making up 79% of the inventory). Average Pending price = $96K and Average Days on the Market – 59

SOLD: HOMES (last 30 DAYS)  
37 Total: 25 are pre-foreclosure/short sales/bank-owned  (making up 68% of the inventory). Average SOLD Price = $220K, Average Days on the Market – 95, Average SP/Sq Ft = $79.71 and AVERAGE LP/SP Ratio = 97%
SOLD: CONDOMINIUMS/TOWNHOMES  
16 Total: 7 are pre-foreclosure/short sales/bank-owned  (making up 44% of the inventory). Average SOLD Price = $82K, Average Days on the Market – 68, Average SP/Sq Ft = $59.26 and AVERAGE LP/SP Ratio = 93%

If you would like a specific Market Analysis for your home, please visit www.centralfloridapropertyvalues.com

Simply All About You!

This information may not be reproduced or redistributed without the written permission of Vanessa Franz Barnes LLC/Simply Florida Real Estate with Keller Williams Realty.

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